Promotion of Crop Insurance in ASEAN through the Public and Private Partnership

24 May 2024 -

The Regional Technical Meeting on Climate-Resilient Crop Insurance in ASEAN, held in Bali, Indonesia on 5-16 May 2024. The event gathered 40 participants from related agencies across the ten ASEAN member nations. This two-day meeting served as a critical platform for sharing ideas and best practices to bolster agricultural resilience and promote sustainable development.

During the meeting, participants delved into the feasibility and challenges of developing climate-resilient crop insurance solutions through public-private partnerships. They reviewed the current status of crop insurance in ASEAN, explored innovative models, and identified the capacity-building needs of stakeholders from upstream to downstream. The discussions emphasized the importance of cross-sectoral cooperation and knowledge sharing in advancing effective crop insurance schemes.

Key takeaways from the meeting include recognising crop insurance as an essential tool within a broader strategy for sustainable and resilient agriculture.

The meeting was jointly organized by the Promotion of Crop Insurance in ASEAN through Public and Private Partnership (PPP) Project, commissioned by the Japan ASEAN Integration Fund (JAIF) and implemented by Sanyu Consultants Inc., Japan and Mekong Institute, and the Innovative Climate Risk Financing for the Agricultural Sector in the ASEAN Region, commissioned by the German Federal Ministry for Economic Cooperation and Development (BMZ) and implemented by the Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) GmbH.

Promotion of Crop Insurance in ASEAN through the Public and Private Partnership is supported by the Government of Japan through the Japan-ASEAN Integration Fund (JAIF).